Symrise (OTCMKTS:SYIEY) Hits New 52-Week Low - Should You Sell?

Key Points

• Shares of Symrise AG hit a new 52-week low, trading as low as $22.98, with a last trading price of $23.05.
• Citigroup upgraded Symrise from a "hold" to a "strong-buy" rating, indicating potential for future growth.
• The company announced a recent dividend cut, with a yield of only 0.6%, raising concerns among investors.

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY - Get Free Report)'s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $22.98 and last traded at $23.05, with a volume of 2832 shares traded. The stock had previously closed at $24.29.

Analysts Set New Price Targets

Separately, Citigroup upgraded shares of Symrise from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th.

Symrise Stock Performance

The business's 50-day moving average is $27.33 and its 200 day moving average is $26.75. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.61 and a quick ratio of 0.95.

Symrise Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, May 23rd were given a $0.1762 dividend. The ex-dividend date was Thursday, May 22nd. This represents a dividend yield of 60.0%.

Symrise Company Profile

Symrise AG supplies fragrances, flavorings, cosmetic active ingredients and raw materials, and functional ingredients in Europe, Africa, the Middle East, North America, the Asia Pacific, and Latin America. It operates through two segments, Taste, Nutrition & Health; and Scent & Care. The Taste, Nutrition & Health segment provides functional ingredients and product solutions used in the production of food and beverages; savory flavors; natural and sustainable ingredients for food and beverage manufacturers, baby food, and dietary supplements; product solutions and services for pet food manufacturers; sustainable ingredients and services for fish feed manufacturers to develop solutions for fish and shrimp farms; and probiotics for food supplements and functional foods.